H.R. 5083

119th CONGRESS 1st Session

To require the Bureau of Consumer Financial Protection and the Federal Trade Commission to conduct a study on use of additional key factors in credit scoring models, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES · September 2, 2025 · Sponsor: Mr. Fields · Committee: Committee on Financial Services

Table of contents

• H.R. 5083
  • SEC. 1. Study on use of additional key factors in credit scoring models

SEC. 1. Study on use of additional key factors in credit scoring models

• (a) In general
  • Not later than December 31, 2025, the Director of the Bureau of Consumer Financial Protection and the Chairman of the Federal Trade Commission shall jointly submit to Congress a report on—
    • the use of credit scoring models that include consideration of key factors described in subsection (b); and
    • how such models affect the ways in which a creditor evaluates the creditworthiness of a consumer.
• (b) Key factors
  • The key factors described in this subsection are as follows:
    • Brokerage account statements.
    • Payment history for installment contracts, such as installment contracts. Buy Now, Pay Later
    • Electronic benefit transfer system (as defined in section 904(d)(2)(A)(i) of the Electronic Fund Transfer Act ()) transaction records. 15 U.S.C. 1693b(d)(2)(A)(i)
    • Rental payment history.
    • Utility payment history.
    • Telecom and subscription-service payment history.
    • Transaction data from depository institution (as defined in section 3(a) of the Federal Deposit Insurance Act ()) and credit union accounts. 12 U.S.C. 1813(a)
    • Payroll deposit or data on the frequency with which an employee makes deposits to an account of a consumer.
    • Payment history for insurance.
    • Public record data relating to property ownership, business licenses, and court filings relating to assets or real property.
    • Peer-to-peer financial transaction activity.
• (c) Definitions
  • In this Act:
    • The term credit scoring model means a model for developing a credit score (as defined in section 609(f)(2)(A) of the Fair Credit Reporting Act ()). 15 U.S.C. 1681g(f)(2)(A)
    • The term key factor has the meaning given in section 609(f)(2)(B) of the Fair Credit Reporting Act (). 15 U.S.C. 1681g(f)(2)(B)